Legal Question in Family Law in Texas

Power of attroney

My dad has me as his beneficiary in his retirement.but he wants me to be his power of attorney. I downloaded a power of att.document from internet but in a comment it states- My agent shall not exercise, and shall not be vested with any incidents of ownership as to insurance policies insuring my agent's life, owned by me. another paragraph -16. Insurance and Employee Benefit Plans. To redeem, surrender, borrow, extend, cancel, amend, pledge, alter, or change, including change of beneficiary of any insurance policies in which I may have an interest, as my agent may deem proper and expedient, and for such purpose to sign and execute any documents, affidavits, or forms required in my name and on my behalf, except however, my agent shall have no power and authority over life insurance policies I may own on my agent's life; and to exercise all powers and options involving retirement programs, compensation plans, pension, profit sharing, and other employee benefit plans; I don't know what this mean does it mean I can't be his beneficiary in his retirement plan? Also my house in under his name only but I am paying it can he just do a statement stating if anything happens I keep the house or does it have to be a will?

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